Paterson Hotel LLC

$51,805 PPP Loan in Paterson, New Jersey

Loan Details

Loan Number
2948277205
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$51,805
Current Approval
$51,805
Forgiveness Amount
$52,287
Forgiveness Date
Mar 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Paterson Hotel LLC
Address
411 Broadway
ZIP Code
07501-2104
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Rodeway Inn by Choice Hotels/rodeway Inn & Suites by Choice Hotels
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$38,854
Utilities
$5,180
Debt Interest
$7,771

Lender Information

Servicing Lender
State Bank of Texas
Originating Lender
State Bank of Texas

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